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Thursday, March 17, 2016

Ireland Continues to Benefit from Being Green

In Ireland, green has many meanings. It can be seen as the color of their national symbol, a way of describing the government's environmentally responsible initiatives and the economic benefits the nation gleans from sustainability.

Ireland's investments in sustainability are paying off. Ireland continues to have the fastest growing economy in the European Union. In 2015 the country led the EU with a 6.9 percent growth rate and in 2014 the country led with a 4.8 percent growth rate. As reported in the Irish Times, the European Commission has indicated that it expects Ireland will continue to lead the EU with 4.5 percent growth in 2016.

The government is engaging a number of sustainability related programs and they rank very favorably on a number of green indices.
Although Ireland's green economy is booming, it has not achieved the recognition it deserves. According to the The 4th edition of the Global Green Economy Index (GGEI), produced by private US-based consultancy Dual Citizen LLC, Ireland's performance exceeds its perception. The GGEI ranked 60 countries on how they are developing more environmentally friendly economies, both in terms of actual performance and expert perception of their performance.Ireland occupies the top spot on the Good Country Index which measures how much each country contributes to the planet. Ireland ranked 9th on the list of 58 countries in the Climate Change Performance Index.

Ireland is working to cap its national emissions profile and the public sector is leading by example and improving its energy efficiency by 33 percent. Hundreds of millions of dollars are being invested in energy upgrades and tens of thousands of homes and buildings are getting energy efficiency upgrades.

Ireland is working to reduce its reliance on fossil fuels by developing its abundant renewable energy resources. While they still have a ways to go they are planning for a future with far more renewable energy resources. As outlined in a 2007 government White Paper, Renewable energy constitutes a core element of the Government’s overarching energy policy. In this document they outline the importance of renewable energy in their pursuit of environmental sustainability.

As explained in the White Paper, "Renewable energy is an integral part of our climate change strategy and sustainability objectives. The additional diversity which renewables bring to Ireland’s energy demand will also make a direct contribution to our goal of ensuring secure and reliable energy supplies."

The Irish Government has enacted energy policies, initiatives and support mechanisms to steward the growth of renewable energy.

The greening of Ireland has helped the nation to achieve strong economic growth. Ireland has recently seen its double digit unemployment start to fall. Projections are that the unemployment rate will be 7.8 percent in 2017.